Price analysis: Dogecoin goes up 37% after Elon Musk’s tweet Review

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Dogecoin’s value against the US dollar has risen almost 37% and is now trading 65% above the previous week’s price

Dogecoin (DOGE) increased by almost 37% after a weekend of great advantages for several cryptomyces. Bitcoin’s main digital asset reached a new all-time high of $24,209 on December 20th, while Bitcoin Cash (BCH), Bitcoin SV (BSV) and Dash (DASH) also made some impressive gains.

Among the top 50 cryptomorphs, Dogecoin (DOGE) rose 15% on Saturday, then rose 17% on Sunday and has gained 37% so far.

For DOGE/USD, the huge movement in the last two days coincides with an increase in sentiment after Elon Musk tweaked on the meme coin. The CEO of Tesla and SpaceX also changed his Twitter biography to “Ex-CEO of Dogecoin”, which seems to have catapulted altcoin to stardom on social networks.

It is unclear to what extent the price will rise after this bomb. However, the current outlook suggests that the DOGE/USD currency pair could reach highs of around $0.010 in the short term.

DOGE/USD
Daily chart DOGE/USD. Source: TradingView

The daily chart has MACD strengthening within the bullish zone while the RSI suggests buyers are in control as it rises above 75. The price of the dogecoin could rise above $0.006 if the bulls break above $0.0056 and hold onto gains at the daily close.

If momentum weakens and bears take a position, the DOGE/USD pair could drop first to $0.0049 and then to $0.0045. Initial support levels are around 23.6% Fibonacci retracement levels and 38.2% of the rise from $0.0028 minimum to $0.00554 maximum. Prices may fall to $0.0038 and 50-SMA ($0.0032).

DOGE/USD hourly chart. Source: TradingView

On the hourly chart, the DOGE/USD currency pair is trading above the 100-hour simple moving average and seeking to strengthen near the upper limit of an upward channel.

However, the upper trend line of the parallel channel has limited the potential breakout around $0.0055. If the bulls breach the limit and climb to $0.0058, the next step above $0.006 could involve a further test of $0.010 and then all-time highs around $0.018.

On the other hand, if bears push below $0.0052 (the middle line of the channel), prices may fall to the lower limit ($0.0047). The next main support level is around 100-SMA ($0.0040) and then at $0.0036.

‘Bitcoin family’ profits from BTC brand and its latest rally

The famous Bitcoin Family is in Portugal, enjoying the sun and the profits from the latest BTC rally.

Didi Taihuttu also takes advantage of other activities, such as an exclusive trading indicator.

He thinks BTC will likely be at $ 60,000 or $ 100,000 by next year

It’s been about four years since the famous “Bitcoin Family” has been all over the alpha cryptocurrency. That said, it’s not just the latest surge in classes that keeps him going.

Didi Taihuttu, his wife and three children spoke to the Dutch media from the Algarve in Portugal, the last stage of his global adventure. The Dutchman accumulated most of his Bitcoin in early 2017 around $ 900, a move that paid off in hindsight.

Despite a two-year lull in prices, the family managed to live off their profits and even accumulated more in the bear market. With Bitcoin briefly breaking through the $ 23,000 mark, the family seems ready for some additional travel destinations.

Didi explains, however, that the unintended consequences of her family’s daring have resulted in new forms of income.

Building a Bitcoin and crypto brand

The family are now also making money through the brand and social media merchandise like clothes, books, cryptocurrency lessons and, perhaps surprisingly, an exclusive trading indicator .

It’s a combination. Rising prices make our lives easier, of course, but the “Bitcoin family” has become a brand. I trade bitcoin daily and have an indicator that tells you when to buy and when to sell. Many people have endorsed my indicator. There is always income coming in.

And if that wasn’t enough, the family has an offer from a Canadian tour operator to share their unique history on the North American continent. The Dutch entrepreneur even has a FAMILY token on Uniswap.

MicroStrategy va émettre 400 millions de dollars de titres pour acheter plus de Bitcoin

La société d’intelligence économique MicroStrategy, leader dans ce domaine, double la mise sur le marché de Bitcoin, en annonçant une offre de titres visant à lever 400 millions de dollars pour investir dans BTC.

MicroStrategy, la plus grande société de veille économique cotée en bourse au monde, a annoncé son intention d’investir le produit d’une offre de titres de 400 millions de dollars dans Bitcoin.

En réponse à l’annonce de MicroStrategy, Gabor Gurbacs, le PDG de la société d’investissement VanEck basée à New York, a suggéré que l’offre est plus indicative d’un fonds d’actifs numériques que d’une société cotée en bourse :

MicroStrategy a fait des vagues dans le monde de la cryptographie au mois d’août, lorsque la société a révélé qu’elle avait adopté Bitcoin Trader comme principal actif de réserve après avoir acheté 21 454 BTC pour 250 millions de dollars. Elle a ensuite acheté 16 796 BTC supplémentaires pour 175 millions de dollars le mois suivant. Les achats ont été effectués par l’intermédiaire de la plateforme de courtage et de gré à gré de Coinbase.

Le 7 décembre, la société a révélé son intention d’émettre 400 millions de dollars en obligations convertibles de premier rang – un titre de créance qui peut être converti en actions de la société émettrice. L’annonce a été faite de la manière suivante :

“Microstrategy a l’intention d’investir le produit net de la vente des billets dans Bitcoin.”

Aux prix actuels, les 400 millions de dollars augmenteraient les avoirs de la société de 20.833, ce qui porterait la réserve totale de crypto de la société à près de 62.000 BTC.

Microstrategy versera des intérêts semestriels aux détenteurs de billets jusqu’en décembre 2025. La société se réserve également le droit de racheter les billets en espèces à partir du 20 décembre 2023.

L’annonce indique que MicroStrategy peut également offrir jusqu’à 60 millions de dollars de billets supplémentaires à ses acheteurs initiaux dans les 13 jours suivant le début de l’offre.

Les titres seront émis en vertu de la règle 144 de la loi sur les valeurs mobilières, et ne seront disponibles que pour les investisseurs institutionnels qualifiés.

Il y a quelques jours, le 5 décembre, le PDG de MicroStrategy, Michael Saylor, a annoncé que la société avait acheté 2 574 BTC supplémentaires à environ 19 427 $ chacun pour 50 millions de dollars, portant ainsi le total de ses avoirs en cryptographie à environ 40 824 BTC.

À la valeur actuelle du marché, la réserve de BTC de MicroStrategy vaut près de 784 millions de dollars, ce qui signifie que la firme a actuellement augmenté de 65 % son investissement de 475 millions de dollars.